Food and beverages price inflation, 2012→2022

Food And Beverages Inflation Calculator

Prices for Food And Beverages, 2012-2022 ($1,084,939,099)

According to the U.S. Bureau of Labor Statistics, prices for food and beverages are 25.23% higher in 2022 versus 2012 (a $273,766,341.36 difference in value).

Between 2012 and 2022: Food and beverages experienced an average inflation rate of 2.28% per year. This rate of change indicates significant inflation. In other words, food and beverages costing $1,084,939,099 in the year 2012 would cost $1,358,705,440.36 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, inflation for food and beverages was higher.

In the year 2012: Pricing changed by 2.54%, which is above the average yearly change for food and beverages during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for food and beverages was higher.

Price Inflation for Food and beverages since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1974 (13.75%), 1973 (13.29%), and 1979 (10.74%).

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Buying power of $1,084,939,099.00 since 2012

Below are calculations of equivalent buying power for Food and beverages, over time, for $1,084,939,099 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2012	$1,084,939,099.00	2.54%
2013	$1,100,265,476.06	1.41%
2014	$1,125,742,496.91	2.32%
2015	$1,145,987,290.97	1.80%
2016	$1,149,942,609.87	0.35%
2017	$1,160,082,419.28	0.88%
2018	$1,176,370,733.61	1.40%
2019	$1,198,032,895.42	1.84%
2020	$1,237,992,373.30	3.34%
2021	$1,285,313,805.53	3.82%
2022	$1,358,705,440.36	5.71%*

* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food and beverages:

Year	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
CPI	34.992	36.233	38.050	40.125	41.375	43.075	48.800	55.508	60.192	62.075	65.767	72.183	79.933	86.750	93.517	97.300	99.475	103.217	105.583	109.058	113.550	118.183	124.908	132.075	136.767	138.675	141.608	144.858	148.867	153.675	157.742	161.100	164.550	168.350	173.583	176.750	180.542	186.642	191.183	195.667	203.303	214.232	218.249	219.982	227.866	233.657	236.958	242.444	246.804	247.656	249.840	253.348	258.013	266.619	276.810	292.616

Adjust food and beverages prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2012 * 2012 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food and beverages was 233.657 in the year 2012 and 292.616 in 2022:

292.616 / 233.657 * $1,084,939,099 = $1,358,705,440.36

Therefore, according to U.S. Bureau of Labor Statistics, $1,084,939,099 in 2012 has the same "purchasing power" as $1,358,705,440.36 in 2022 (in the CPI category of Food and beverages).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food and beverages in 1967. In addition to food and beverages, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.